Harman Kardon 2008 Annual Report Download - page 90

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72
Below we present sales, long-lived assets and net assets by geographic area as of and for the years ended
June 30, 2008, 2007 and 2006. Net sales are attributable to geographic areas based upon the location of
the customer.
Years Ended June 30,
($000s omitted) 2008 2007 2006
Net sales:
U.S. $ 953,549 759,159 708,564
Germany 1,741,557 1,590,886 1,415,871
Other Europe 666,363 631,514 578,401
Other 751,034 569,585 545,061
Total $ 4,112,503 3,551,144 3,247,897
Long-lived assets:
U.S. $ 481,042 490,069 383,406
Germany 587,301 485,222 444,063
Other Europe 129,403 125,474 113,288
Other 190,098 174,950 164,547
Total $ 1,387,844 1,275,715 1,105,304
Net Assets
U.S. $ (69,748) 405,588 385,096
Germany 750,612 577,142 353,572
Other Europe 440,724 324,992 276,738
Other 218,258 186,319 212,758
Total $ 1,339,846 1,494,041 1,228,164
Note 18 - Commitments and Contingencies
In re Harman International Industries, Inc. Securities Litigation
On October 1, 2007, a purported class action lawsuit was filed by Cheolan Kim (the “Kim Plaintiff”)
against the Company and certain of its officers in the United States District Court for the District of
Columbia seeking compensatory damages and costs on behalf of all persons who purchased the
Company’s common stock between April 26, 2007 and September 24, 2007 (the “Class Period”). The
original complaint purported to allege claims for violations of Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
The complaint alleged that defendants omitted to disclose material adverse facts about the Company’s
financial condition and business prospects. The complaint contended that had these facts not been
concealed at the time the merger agreement with KKR and GSCP was entered, there would not have been
a merger agreement, or it would have been at a much lower price, and the price of the Company’s
common stock therefore would not have been artificially inflated during the Class Period. The Kim
Plaintiff alleged that, following the reports that the proposed merger was not going to be completed, the
price of the Company’s common stock declined causing the plaintiff class significant losses.
On November 30, 2007, the Boca Raton General Employees’ Pension Plan (the “Boca Raton Plaintiff”)
filed a purported class action lawsuit against the Company and certain of its officers in the United States